Parametric Portfolio Associates LLC decreased its position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,962 shares of the financial services provider’s stock after selling 111 shares during the period. Parametric Portfolio Associates LLC owned 0.28% of Territorial Bancorp worth $810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its holdings in shares of Territorial Bancorp by 4.2% in the first quarter. TIAA CREF Investment Management LLC now owns 27,049 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 1,080 shares during the period. California Public Employees Retirement System increased its holdings in shares of Territorial Bancorp by 4.6% in the first quarter. California Public Employees Retirement System now owns 22,800 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 1,000 shares during the period. Vanguard Group Inc. increased its holdings in shares of Territorial Bancorp by 3.1% in the first quarter. Vanguard Group Inc. now owns 308,975 shares of the financial services provider’s stock valued at $9,630,000 after purchasing an additional 9,314 shares during the period. Geode Capital Management LLC increased its holdings in shares of Territorial Bancorp by 4.9% in the first quarter. Geode Capital Management LLC now owns 62,854 shares of the financial services provider’s stock valued at $1,959,000 after purchasing an additional 2,923 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Territorial Bancorp by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 412,317 shares of the financial services provider’s stock valued at $12,852,000 after purchasing an additional 13,339 shares during the period. 45.33% of the stock is currently owned by institutional investors.

In related news, Director Kirk W. Caldwell sold 2,125 shares of Territorial Bancorp stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $32.54, for a total value of $69,147.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Vernon Hirata sold 3,866 shares of Territorial Bancorp stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $30.07, for a total value of $116,250.62. The disclosure for this sale can be found here. In the last three months, insiders sold 22,928 shares of company stock worth $696,081. Corporate insiders own 9.80% of the company’s stock.

TBNK has been the topic of a number of recent research reports. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Territorial Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, UBS AG lowered Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company currently has a consensus rating of “Sell”.

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Territorial Bancorp Inc. (TBNK) opened at $31.51 on Tuesday. The stock has a market capitalization of $306.20, a P/E ratio of 17.12 and a beta of 0.28. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. Territorial Bancorp Inc. has a twelve month low of $28.12 and a twelve month high of $34.00.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business had revenue of $15.57 million for the quarter, compared to analyst estimates of $15.90 million. Territorial Bancorp had a return on equity of 7.34% and a net margin of 24.07%. sell-side analysts forecast that Territorial Bancorp Inc. will post 1.8 EPS for the current year.

The business also recently announced a special dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, December 5th. This represents a dividend yield of 2.54%. This is a positive change from Territorial Bancorp’s previous special dividend of $0.10. Territorial Bancorp’s payout ratio is presently 44.20%.

Territorial Bancorp Profile

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.

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Institutional Ownership by Quarter for Territorial Bancorp (NASDAQ:TBNK)

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